The Central Government has launched Aatmanirbhar Bharat Rozgar Yojana (ABRY) scheme to incentivize the creation of new employment opportunities during COVID-19 recovery phase by assisting the employers of establishments registered with EPFO to recruit unemployed person including re-employment of those who have been rendered un-employed during Pandemic.
EPFO vide notification No.CAIU/011(16)2020-21/ABRY/1178 hereby directed to introduce the scheme guidelines approved by Ministry of Labour & Employment, Govt. of India which provides upfront credit of both employees' share (12% of wages) and employers share (12% of wages) depending on the employment strength of the establishment, directly to the Universal Account Number of eligible employee maintained by the EPFO.
The scheme would be effective from 1st October 2020 and shall remain open for registration of eligible employers and new employees up to 30th June 2021. The benefit shall be available for a period of twenty-four months from the date of registration of new employee, not later than 30th June 2023 in any case.
Kindly refer notification with enclosed scheme for more details.
Notification:-Guidelines_For_Implementation_Of_Aatmanirbhar_Bharat_Rozgar_Yojana_In_EPFO_Registered_Establishment.pdf
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